{"id":11476,"date":"2024-10-03T10:39:02","date_gmt":"2024-10-03T10:39:02","guid":{"rendered":"https:\/\/staging.consultants-immobilier.com\/?page_id=11476"},"modified":"2024-10-03T10:39:02","modified_gmt":"2024-10-03T10:39:02","slug":"negotiating-notary-fees","status":"publish","type":"page","link":"https:\/\/staging.consultants-immobilier.com\/en\/sellers-guides\/negotiating-notary-fees\/","title":{"rendered":"Negotiating Notary Fees: A Practical Guide"},"content":{"rendered":"

[vc_row full_width=”stretch_row_content” content_placement=”top” css=”.vc_custom_1670852810251{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” el_class=”back_div”][vc_column css=”.vc_custom_1657728499249{padding-right: 15px !important;padding-left: 15px !important;}”][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJteV9iYWNrX2J1dHRvbiUyMiUzRSUwQSUwOSUwOSUwOSUwOSUwOSUwOSUzQ2ElMjBocmVmJTNEJTIyaHR0cHMlM0ElMkYlMkZ3d3cuY29uc3VsdGFudHMtaW1tb2JpbGllci5jb20lMkZlbiUyRnByb3BlcnR5LWd1aWRlcyUyRiUyMiUzRSUzQyUyMEJhY2slMjB0byUyMHByb3BlcnR5JTIwZ3VpZGVzJTNDJTJGYSUzRSUwQSUwOSUwOSUwOSUwOSUwOSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1727951509551{background-image: url(https:\/\/staging.consultants-immobilier.com\/wp-content\/uploads\/2024\/10\/negocier_ftais_notaire.jpg?id=11477) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” el_class=”override_left”][vc_column css=”.vc_custom_1657728499249{padding-right: 15px !important;padding-left: 15px !important;}”][\/vc_column][\/vc_row][vc_row el_class=”override_pos”][vc_column][vc_row_inner css=”.vc_custom_1662026446228{background-color: #e4e4e4 !important;}”][vc_column_inner][vc_custom_heading text=”Negotiating Notary Fees: A Practical Guide” font_container=”tag:h1|font_size:37|text_align:center|color:%23040e31″ use_theme_fonts=”yes” css=”.vc_custom_1727951681715{padding-right: 20px !important;padding-bottom: 30px !important;padding-left: 20px !important;}” el_class=”relative_pos”][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” el_class=”firstblock guide-wrapper-row vc_row-o-equal-height vc_row-flex” css=”.vc_custom_1765897502487{background-color: #ffffff !important;}”][vc_column_inner width=”4\/5″][vc_column_text css=”” el_class=”resume_block”][\/vc_column_text][vc_column_text css=”” el_class=”content_block”]You dream of becoming a homeowner, but the notary fees<\/b> are holding you back? Good news: you can negotiate these fees and save hundreds, even thousands of euros. How? Here are 5 tips you need to know to reduce the bill<\/b>.<\/p>\n

1. Understand the composition of notary fees<\/h2>\n

Before starting to negotiate the notary fees<\/a>, it\u2019s important to understand what they actually cover. Contrary to popular belief, the majority of these fees do not go directly into the notary’s pocket.
\nIn fact, nearly 80% of these fees are transfer taxes<\/a> that are paid directly to the state and local authorities. The notary\u2019s fees<\/b>, which is the notary\u2019s compensation, only account for about 10% of the total.<\/p>\n

The remaining 10% covers additional costs and disbursements<\/b>. These are administrative fees, legal formalities (such as land registry documents or mortgages), as well as fees paid to external professionals (surveyors, experts, etc.). Like taxes, these costs are fixed.<\/p>\n

Knowing the exact breakdown of these fees will help you better target negotiable items and maximize your savings.<\/p>\n

2. Negotiate the notary\u2019s fees<\/h2>\n

While the majority of notary fees<\/b> are non-negotiable, there is a small margin you can leverage: the notary\u2019s fees, which account for 10% of the total.
\nSince the Macron Law of 2016, notaries are allowed to offer a discount of up to 10%<\/b> on their fees for real estate transactions over \u20ac150,000. If your property valuation<\/a> exceeds this amount, it\u2019s an opportunity to take advantage of!<\/p>\n

Tip:<\/b> Don’t hesitate to consult several notaries. Some are more open to negotiation than others, and it\u2019s always good to compare.<\/p>\n

Moreover, if you have other upcoming projects (wealth management, donations, etc.), mention it. This could encourage the notary to offer a commercial gesture<\/b> in hopes of a long-term collaboration.<\/p>\n

3. Reduce fees by deducting furniture value<\/h2>\n

You also have the option of deducting the value of the furniture included in the property to reduce the notary fees<\/b>. These fees only apply to the property\u2019s real estate value, not the furniture or equipment that comes with it. By specifying in the agreement the value of the furniture separate from the sale price<\/b>, you reduce the taxable base.
\nIn practice, just estimate the value of the furniture (such as fitted kitchens, appliances, etc.) and subtract it from the overall price. For example, if you buy a property for \u20ac200,000 with \u20ac10,000 worth of furniture, the notary fees<\/b> will then be calculated on \u20ac190,000. This can save you several hundred euros!<\/p>\n

Good to know:<\/b> This deduction is generally capped at 5% of the property price<\/b>, and banks won\u2019t finance the furniture portion. So, you\u2019ll need to plan for this amount in cash.<\/p>\n

4. Negotiate real estate agency fees<\/h2>\n

Another way to reduce your notary fees is to separate the real estate agency fees from the sale price<\/b>. If these fees are included in the total price of the property, they increase the notary fee calculation base<\/b>. But if you take on these fees yourself, you can pay them separately so they are not factored into the calculation.
\nMake sure, however, that the sales agreement<\/b> clearly states the net seller price, distinct from the agency fees. For example, if you buy a property for \u20ac220,000, with \u20ac10,000 in agency fees, the notary fees<\/b> will be calculated on \u20ac210,000 instead of \u20ac220,000. This reduces the taxable base and allows you to save.<\/p>\n

If the agency fees are covered by the seller, this option won\u2019t be possible. Also, keep in mind that you will need to allocate funds to pay these agency fees separately, as they won\u2019t be included in your mortgage.<\/p>\n

5. Choose the right type of property to reduce notary fees<\/h2>\n

The type of property you choose to buy also has a direct impact on the amount of notary fees<\/b>. For older properties, these fees generally amount to 7-8% of the purchase price, while for new properties, they are significantly lower: only 2-3%. This difference is due to much lower transfer taxes for new homes.
\nFor instance, for a property costing \u20ac300,000, the notary fees<\/b> for an older property could reach between \u20ac21,000 and \u20ac24,000, while for a new property, they would only be between \u20ac6,000 and \u20ac9,000. The difference is striking!<\/p>\n

If you want to reduce your notary fees, it\u2019s better to opt for a new property<\/b>.<\/p>\n

Haven\u2019t found your dream home yet? Check out our latest real estate listings in Paris<\/a>.<\/p>\n

Now you have all the keys in hand to negotiate your notary fees<\/b> and maximize your savings.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/5″ el_id=”summary_column”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Learn how to negotiate notary fees and get discounts on the costs related to property purchases. Practical tips to save money.<\/p>\n","protected":false},"author":6,"featured_media":11478,"parent":8140,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"single-guide.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-11476","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/11476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/comments?post=11476"}],"version-history":[{"count":2,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/11476\/revisions"}],"predecessor-version":[{"id":11481,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/11476\/revisions\/11481"}],"up":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/pages\/8140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/media\/11478"}],"wp:attachment":[{"href":"https:\/\/staging.consultants-immobilier.com\/en\/wp-json\/wp\/v2\/media?parent=11476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}